Rep. Jim McDermott, D-Wash., has introduced legislation to amend the Tax Code to regulate and tax Internet gambling.

The bill, known as the Internet Gambling Regulation and Tax Enforcement Act of 2011 (H.R. 2230), was introduced last Thursday, but echoes legislation that McDermott introduced in the previous Congress. As with the previous bill, it is co-sponsored by Rep. John Campbell, R-Calif., and Barney Frank, D-Mass. Campbell introduced a companion bill earlier this year, known as the Internet Gambling Regulation, Consumer Protection, and Enforcement Act (H.R. 1174).

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access